Jason Shiver Sells 20,000 Shares of Amplify Snack Brands Inc. (BETR) Stock
Amplify Snack Brands Inc. (NYSE:BETR) EVP Jason Shiver sold 20,000 shares of the stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $16.04, for a total value of $320,800.00. Following the sale, the executive vice president now directly owns 1,211,456 shares in the company, valued at $19,431,754.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Amplify Snack Brands Inc. (NYSE:BETR) opened at 15.99 on Tuesday. Amplify Snack Brands Inc. has a 1-year low of $9.15 and a 1-year high of $17.53. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 66.35 and a beta of 2.59. The stock’s 50 day moving average is $16.26 and its 200 day moving average is $14.68.
Amplify Snack Brands (NYSE:BETR) last released its quarterly earnings data on Monday, August 8th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The business earned $59.90 million during the quarter, compared to analysts’ expectations of $47.40 million. Amplify Snack Brands had a net margin of 9.00% and a return on equity of 233.97%. Amplify Snack Brands’s revenue for the quarter was up 26.4% on a year-over-year basis. On average, equities analysts forecast that Amplify Snack Brands Inc. will post $0.61 EPS for the current year.
Several large investors have recently added to or reduced their stakes in BETR. BlackRock Inc. boosted its stake in shares of Amplify Snack Brands by 332.7% in the second quarter. BlackRock Inc. now owns 7,603 shares of the company’s stock worth $112,000 after buying an additional 5,846 shares during the period. Royal Bank of Canada boosted its stake in shares of Amplify Snack Brands by 863,500.0% in the first quarter. Royal Bank of Canada now owns 8,636 shares of the company’s stock worth $124,000 after buying an additional 8,635 shares during the period. Legal & General Group Plc bought a new stake in shares of Amplify Snack Brands during the second quarter worth $127,000. Sei Investments Co. boosted its stake in shares of Amplify Snack Brands by 13.9% in the second quarter. Sei Investments Co. now owns 8,931 shares of the company’s stock worth $132,000 after buying an additional 1,089 shares during the period. Finally, Bayesian Capital Management LP bought a new stake in shares of Amplify Snack Brands during the first quarter worth $156,000. 90.99% of the stock is owned by institutional investors and hedge funds.
BETR has been the topic of several analyst reports. Zacks Investment Research raised Amplify Snack Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $18.00 price target on shares of Amplify Snack Brands in a research report on Saturday, July 2nd. Oppenheimer Holdings Inc. increased their price target on Amplify Snack Brands from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 7th. Finally, DA Davidson increased their price target on Amplify Snack Brands from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, August 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Amplify Snack Brands has an average rating of “Buy” and an average price target of $17.67.
Amplify Snack Brands Company Profile
Amplify Snack Brands, Inc is a snack food company. The Company and its subsidiaries are focused on developing and marketing products that appeal to consumers’ preference for Better-For-You (BFY) snacks. Its BFY-focused snacking platform consists of two brands: SkinnyPop and Paqui. Its anchor brand, SkinnyPop, is a BFY ready-to-eat (RTE) popcorn brand.
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